Market Report 18/12/2015
The benchmark NSE-20 Share Index was down 15.27 points to close at 3,989.95 points. The All Share Index (NASI) was up 0.24 points to close at 145.55 points. Turnover was down up by 2.9% to KES 630Mn compared to the previous day. 19.77 million Shares were traded. 998 deals were executed.
Gainers
| Counter | Price | % Change | Volume |
| TCL | 7.55 | 9.42 | 7,500 |
| OCH | 4.40 | 7.32 | 45,000 |
| BAT | 788.00 | 6.92 | 44,200 |
| HAFR | 1.80 | 5.88 | 194,800 |
| FTGH | 6.90 | 5.34 | 62,500 |
Losers
| Counter | Price | % Change | Volume |
| JUB | 459.00 | 8.20 | 500 |
| NMG | 180.00 | 6.74 | 4,800 |
| KEGN | 6.75 | 5.59 | 164,000 |
| CFCI | 19.00 | 5.00 | 5,100 |
| UCHM | 8.60 | 2.27 | 83,000 |
Movers
| Counter | Volume | % of Volume Traded | Market Cap. |
| SCOM | 6.65M | 33.7 | 673.10B |
| KCB | 5.23M | 26.5 | 120.25B |
| EQTY | 4.82M | 24.4 | 147.17B |
| KQ | 0.783M | 4.0 | 6.73B |
| CIC | 0.493M | 2.5 | 16.74B |
Fahari I-REIT
The Stanlib Fahari I-REIT traded 10 units. Turnover was KES 438,575. Average price KES 20.75
Fixed Income Market
In the debt market, government bonds valued at 2 million shillings were the only bonds traded. Traded yield 13.8%. 1 deal was executed.
Market News
Car & General
Car & General announced their Full Year results for the period ended 30 September 2015. Revenues increased by 19.6% to KES 9.9Bn leading to an increase in gross profit by 9.9% (KES 1.6Bn).
On the other hand Profit before Tax was significantly down by 80.7% to a mere KES 81Mn this was largely due to the depreciation in East African Currencies which made them record foreign exchange losses of KES 290Mn. Consequently profit after tax was down to KES 127Mn compared to KES 278.4Mn recorded the previous year (2014).
Going forward the company foresees challenges ahead due to the current economic environment where interest rates have increased and will be vigilant on maintaining high efficiency levels and maintaining market share in core products.
Clearly this are tough times for C&G, they will have to keep costs as low as possible.
